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Fly News Breaks for September 25, 2015
AKRX
Sep 25, 2015 | 08:00 EDT
Leerink analyst Jason Gerberry lowered his price target for Akorn to $41 saying the company's accounting situation is "unanalyzable." The analyst is encouraged by Akorn's first half of 2015 performance but says the shares carry the risk of being delisted. He believes the company's restatement process could take longer than previously thought and reiterates a Market Perform rating on the name.
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